Bitcoin drops below $100K, altcoins bleed on Federal Reserve's cut rate

Bitcoin drops below $100K, altcoins bleed on Federal Reserve’s cut rate

1 min read

The U.S. Federal Reserve has implemented a 25 basis point reduction in its benchmark fed funds rate, bringing it to a range of 4.25%-4.50%. This marks the third consecutive rate cut this year, totaling a 100 basis point decrease since September. While market analysts anticipated this move, recent economic data indicated robust growth and rising inflation, prompting attention to the Fed’s policy statement and Chairman Jerome Powell’s press conference for

As we navigate a rapidly evolving cryptocurrency landscape, significant changes have already occurred in the blockchain network

The Current Changes in the Blockchain Network: Why Users Need More Bitcoin

3 mins read

As we navigate a rapidly evolving cryptocurrency landscape, significant changes have already occurred in the blockchain network, particularly concerning the necessity for investors to increase their holdings of Bitcoin. With the recent resurgence of the Chinese crypto market and the ongoing monopolization of the crypto market by major corporations, the demand for Bitcoin has surged. As we approach the new calendar year, investors should be aware of these developments and

Ohio state’s lawmaker announces plans to initiate a Bitcoin Reserve

Ohio state’s lawmaker announces plans to initiate a Bitcoin Reserve

1 min read

With the holiday season coming, the cryptocurrency community is preparing for fun events, like giveaways and talks about what crypto will look like in 2025. Ohio state representative Derek Merrin has introduced HB 703, a bill to create a Bitcoin Reserve for the state. This proposed law, called the “Ohio Bitcoin Reserve Act,” aims to let the state invest in Bitcoin, helping Ohio improve its financial situation. Merrin’s bill would

MicroStrategy holds 439,000 BTC worth $46 billion

MicroStrategy holds 439,000 BTC worth $46 billion

1 min read

MicroStrategy, led by Michael Saylor, has become a key player in using Bitcoin, holding 439,000 BTC worth about $46.92 billion, making up over 2% of Bitcoin’s total supply. The company is using debt and equity to buy Bitcoin, which is different from usual corporate finance methods. MicroStrategy recently raised $1.5 billion by selling shares and then bought 15,350 BTC at an average price of $100,386. This method lets shareholders invest

Riot Platforms buys 667 BTC for $69M, boosting its holdings to 17,429 BTC

Riot Platforms buys 667 BTC for $69M, boosting its holdings to 17,429 BTC

1 min read

Riot Platforms has increased its Bitcoin holdings by buying 667 BTC for $69 million, averaging $101,135 for each Bitcoin. Riot has now bought enough Bitcoin to have a total of 17,429 BTC, worth almost $2 billion. This led to an 8% rise in its stock price, showing that investors trust its strategy. Since switching to Bitcoin mining in 2018, Riot has taken a similar approach to MicroStrategy, concentrating on buying

FTX will begin creditor repayments on January 3, 2025

FTX will begin creditor repayments on January 3, 2025

1 min read

FTX will start its Chapter 11 reorganization plan on January 3, 2025, and expects to repay creditors in about 60 days. The company has partnered with BitGo and Kraken to help distribute funds, offering some hope for those impacted by its earlier collapse. Creditors who qualify need to provide tax documents and sign up on one of the platforms to get their repayments. Payments will go to the official transferee

Mt. Gox moves over $172 million in BTC to new wallet addresses

Mt. Gox moves over $172 million in BTC to new wallet addresses

1 min read

Mt. Gox, the bankrupt crypto exchange, has recently been in the news for moving about 1,620 Bitcoin to new, unknown addresses, worth over $172.5 million. This transfer happened when Bitcoin’s price was about $107,380, after reaching a high of $107,822, but it didn’t cause a big market reaction like earlier transactions by the exchange. Bitcoin whales that were inactive have started to get back into the market, according to Arkham

MicroStrategy invests $1.5 billion to acquire 15,350 BTC

MicroStrategy invests $1.5 billion to acquire 15,350 BTC

1 min read

MicroStrategy has bought 15,350 BTC for about $1.5 billion from December 9 to December 15, 2024. This purchase is significant because it’s the first time the company has bought Bitcoin for more than $100,000 each. MicroStrategy now holds a total of 439,000 BTC, worth about $27.1 billion, after this recent acquisition. The company’s plan, guided by Executive Chairman Michael Saylor, focuses on Bitcoin as a key treasury asset, showing a

The memecoin market cap surpasses $140 billion

2 mins read

The cryptocurrency market in 2024 has seen a strong rise, largely due to President-elect Donald Trump’s entry, pushing Bitcoin (BTC) to a new high of $106K. Bitcoin’s rise in value sparked a wider increase in the global crypto market, bringing its total market cap to around $3.65 trillion. One of the key trends during this time was the growth of “memecoins,” which became quite popular. Memecoins started as jokes about

Michael Saylor hints at a new Bitcoin purchase as MicroStrategy joins Nasdaq-100

Michael Saylor hints at a new Bitcoin purchase as MicroStrategy joins Nasdaq-100

1 min read

Michael Saylor, co-founder of MicroStrategy, is attracting attention for a possible new Bitcoin purchase after the company was recently added to the Nasdaq-100 Index. This achievement has strengthened MicroStrategy’s position in the tech and finance industries. Saylor suggested that Marathon Digital Holdings could be the next crypto company to join the index. On December 15, Saylor mentioned the SaylorTracker, a tool that tracks MicroStrategy’s Bitcoin purchases, and suggested it might

Mark Longo, who owns Peanut the Squirrel, is suing Binance. He claims the crypto exchange used images and stories of Peanut without his permission.

Owner of Peanut the Squirrel sues Binance over alleged IP violations

1 min read

Mark Longo, who owns Peanut the Squirrel, is suing Binance. He claims the crypto exchange used images and stories of Peanut without his permission. Longo says this legal action is part of a bigger plan to protect his creative works, and he intends to send more cease-and-desist letters. The market value of the Peanut the Squirrel (PNUT) token has stayed mostly stable, showing that the lawsuit hasn’t had much effect.

Bitcoin surges to a new all-time high of $106K, driven by strong institutional support

Bitcoin surges to a new all-time high of $106K, driven by strong institutional support

1 min read

Bitcoin has reached a significant point by going over $106,368, setting a new record. This increase is due to more interest from institutions, wider use, and good market conditions. Crypto analyst Rachael Lucas from BTC Markets highlights that this record marks an important change for Bitcoin, moving from being mainly for retail investors to being shaped by institutional investors, exchange-traded funds (ETFs), and corporate involvement, which strengthens its position as

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